FORESTAL
ActiveFORESTAL has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €1k. Equity is shrinking by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 13% of 31584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▲+11
Solvency31▼-24
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.4 in 2024; short-term debt: 94.3% and cash: 1.5% of total assets), and 94.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.7%
Return on assets
0.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 31584 sector peers (2025).
NBB · sector comparisonPosition among 31584 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
1 d early
2022
7 d early
2021
32 d early
2020
19 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k▼ 85.1%
2024 · €113k
2019: €152k
2020: €183k
2021: €149k
2022: €169k
2023: €162k
2024: €113k
2019 → 2025
Total assets
€296k▼ 21.5%
2024 · €377k
2019: €480k
2020: €419k
2021: €354k
2022: €327k
2023: €335k
2024: €377k
2019 → 2025
Net result
€1k
2024 · €-20k
2019: €26k
2020: €31k
2021: €33k
2022: €43k
2023: €15k
2024: €-20k
2019 → 2025
Working capital
€-249k▼ 56.6%
2024 · €-159k
2019: €5k
2020: €21k
2021: €-30k
2022: €-46k
2023: €-66k
2024: €-159k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€149k-€169k▲ 13.4%€162k▼ 4.4%€113k▼ 30.0%€17k▼ 85.1%
Operating result€52k-€63k▲ 21.7%€27k▼ 56.4%€-4k€20k
Net result€33k-€43k▲ 29.2%€15k▼ 65.6%€-20k€1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20k after a loss of €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €296k
Fixed assets
€266k▼ 2.4%
Current assets
€31k▼ 70.9%
Equity and liabilities €296k
Equity
€17k▼ 85.1%
Debt
€279k▲ 5.9%
The debt ratio rises from 70.0% to 94.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€33k▲
2024 · €15k
Cash flow
€14k▲
2024 · €-1k
Solvency
5.7%▼
2024 · 30.0%
Current ratio
0.11▼
2024 · 0.40
Quick ratio
0.11▼
2024 · 0.40
Debt / equity
16.60▲
2024 · 2.33
ROE
6.5%▲
2024 · -18.0%
ROA
0.4%▲
2024 · -5.4%
Interest coverage
0.79▲
2024 · 0.33
Debt
€279k▲
2024 · €264k
Debt ≤ 1 year
€279k▲
2024 · €264k
Income taxes
€4k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€377k€296k▼
Fixed assets21/28€272k€266k▼
Tangible fixed assets22/27€272k€266k▼
Land and buildings22€253k€251k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€13k€9k▼
Current assets29/58€105k€31k▼
Amounts receivable after more than one year29€50k€0▼
Other amounts receivable291€50k€0▼
Amounts receivable within one year40/41€23k€14k▼
Trade receivables40-€2k
Other amounts receivable41€23k€12k▼
Cash at bank and in hand54/58€22k€4k▼
Deferred charges and accrued income490/1€11k€12k▲
Equity and liabilities
Total equity and liabilities10/49€377k€296k▼
Equity10/15€113k€17k▼
Contributions10/11€12k€12k=
Reserves13€114k€17k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€0-
Distributable reserves133€114k€17k▼
Profit (loss) carried forward14€-13k€-12k▲
Provisions and deferred taxes16€0-
Deferred taxes168€0-
Amounts payable17/49€264k€279k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€264k€279k▲
Current portion of amounts payable after more than one year42€0-
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€3k€3k=
Taxes450/3€3k€3k=
Other amounts payable47/48€259k€273k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€13k▼
Other operating charges640/8€8k€4k▼
Non-recurring operating charges66A€4k€0▼
Gross operating margin9900€28k€37k▲
Operating profit (loss)9901€-4k€20k▲
Financial income75/76B€30k€26k▼
Recurring financial income75€30k€26k▼
Financial charges65/66B€47k€41k▼
Recurring financial charges65€47k€41k▼
Profit (loss) for the period before taxes9903€-21k€5k▲
Transfer from deferred taxes780€2k€0▼
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€-20k€1k▲
Transfer from tax-exempt reserves789€7k€0▼
Profit (loss) for the period to be appropriated9905€-13k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-12k▲
Profit (loss) brought forward from the previous period14P-€-13k
Transfer from equity791/2€28k€97k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€28k€97k▲
Return on contributions (dividend)694€28k€97k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-20k ▼240%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €43k ▲29.2%
Operating result €63k, net result €43k, both a record.
31-03
Financial
Equity above €150kEq €169k ▲13.4%
4 profitable years in a row build equity to €169k.
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
24-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Doornstraat 2238200 BruggeGround area
2,373 m²
Building footprint
184 m²
Volume, LiDAR
1,047 m³
Parcel 31027F0169/00B000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FORESTAL
since 20012.091.376.319
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027F0169/00B000 | Flanders | 2,373 m² | 1 · 184 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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DLCA
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Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 28,711 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-06-1999
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
46130Agents in the wholesale of timber and building materials
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.